We have people coming here from all across the country, all across the world, and that's great. We have a terrible problem with a lack of supply of housing, which is driving up rents. We have a 1% vacancy rate, Maria. So we need development desperately. Market rate, affordable housing, home ownership. And that's by New York City saying again, we want you to come here, we want you to build. (04:02–04:06)
CLAIM
Asserts that New York City has a 1% vacancy rate in housing.
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